2015  2014   

25

EARNINGS AND HEADLINE EARNINGS PER SHARE

       
  Earnings per share (cents) (basic and diluted)   1 360  3 881   
  Headline earnings per share (cents) (basic and diluted)   1 915  4 098   
  The above calculations were determined using the following information:   R’000  R’000   
           
  Earnings        
  Profit attributable to shareholders of the holding company   1 403 371  4 005 123   
           
  Headline earnings        
  Earnings as above   1 403 371  4 005 123   
  Adjusted for:        
  Impairment of non-financial assets in subsidiaries – attributable (refer note 2)   180 368  16 982   
  Impairment of non-financial assets in group (before non-controlling shareholder’s portion)   322 085  16 982   
  – before taxation (refer note 2)   365 073  16 982   
  – taxation effect   (42 988) –   
  Less: Non-controlling shareholder’s portion   (141 717) –   
  Impairment of non-financial assets in joint-venture entity   292 455  185 911   
  – before taxation (refer note 1)   406 188  259 940   
  – taxation effect   (113 733) (74 029)  
  Impairment of financial assets   92 951  21 418   
  – before taxation (refer note 4)   114 258  26 327   
  – taxation effect   (21 307) (4 909)  
  Loss on disposal of property, plant and equipment in joint-venture entity   6 296  896   
  – before taxation   8 745  1 153   
  – taxation effect   (2 449) (257)  
  Loss/(profit) on disposal of property, plant and equipment in subsidiaries   910  (440)  
  – before taxation (refer note 23)   1 264  (611)  
  – taxation effect   (354) 171   
           
      1 976 351  4 229 890   
           
  Shares in issue        
  Weighted number of ordinary shares in issue (‘000)        
  Ordinary shares in issue   139 607  139 607   
  Treasury shares held in trust (refer note 12)   (36 400) (36 400)  
  Weighted average number of shares in issue for the year   103 207  103 207